Is the Real Estate Market Crazy – or Just Complex?
Feeling overwhelmed by the current state of the real estate market? You’re not alone! Don’t throw in the towel just yet if you feel like giving up. Both realtors and experts in the field will tell you to hold on. The market is all about local supply and demand. It’s not crazy – it’s just complex and holding strong! What makes the real estate market complex? The first problem is misinformation. The media and other news entities will tell you that interest rates are outrageous and the highest in years. Not so fast! Let’s take an in-depth look: Kevin Fagan, Head of Commercial Real Estate Economics at Moody’s Analytics, provides a spot-on perspective. “Demand is a major part of current inflation,” he says. “With household savings rates and consumer spending, they have been much stronger coming out of the 2020 pandemic than for households in the early 1970s.” Furthermore, the … Continued
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